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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    "Expected" measures from the Finance Committee regarding the conflicting dollar exchange rates in Ir

    Rocky
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    "Expected" measures from the Finance Committee regarding the conflicting dollar exchange rates in Ir Empty "Expected" measures from the Finance Committee regarding the conflicting dollar exchange rates in Ir

    Post by Rocky Thu 18 Jul 2024, 4:02 am

    [size=35][size=35]"Expected" measures from the Finance Committee regarding the conflicting dollar exchange rates in Iraq[/size]
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    2024-07-18 | 04:44
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    Alsumaria News - Politics

    The Parliamentary Finance Committee promised, today, Thursday, July 18, 2024, to host "anticipated" officials inside the House of Representatives dome to determine the real reasons behind the conflict in the dollar exchange rates in the Iraqi markets, after the resumption of Parliament's work.


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    The member of the Finance Committee says[url=https://www.alsumaria.tv/entity/3407360278/%D9%85%D8%B5%D8%B7%D9%81%D9%89 %D8%A7%D9%84%D9%83%D8%B1%D8%B9%D8%A7%D9%88%D9%8A/ar/]Mustafa Al-Karaawi[/url]In an interview with Sumaria News, he said that the instability of the dollar exchange rate in local markets is still directly affecting the domestic economy and its movement, paralyzing it, noting that “many commercial items in local markets have stopped due to this instability.”



    He added that the government has not yet found effective and real solutions to control the exchange rate, and speculators are still controlling the exchange rates. Therefore, the reforms and proposals presented by the Central Bank have not yielded results due to the lack of seriousness in implementing these decisions, the lack of support from other government agencies such as ports, customs and taxes, and the failure to reach a positive and ideal situation with the Federal Bank in regulating trade transactions between the two countries.

    He revealed that after the resumption of the work of the House of Representatives, the Governor of the Central Bank and the relevant agencies such as taxes and customs will be hosted in order to determine the reasons for the irregularity and take appropriate measures, and there may be investigative committees in this regard.

    For some time, the price of the dollar has decreased in the parallel market, as it stabilized at 145 thousand dinars for every 100 dollars throughout the past period, but it has risen again to exceed 150 thousand dinars a few days ago.

    The Parliament Presidency announced, on July 9, the start of the second legislative session of the third legislative year, calling on representatives, committees and parliamentary blocs to resume their legislative and oversight work.

    Since the beginning of last year,[You must be registered and logged in to see this link.]To reduce the smuggling of dollars from[You must be registered and logged in to see this link.]Which led to the dollar price rising in the local market to a record level of 170 thousand dinars per 100 dollars, due to the decline in the Central Bank’s sales of the dollar, due to its being subject to the “[You must be registered and logged in to see this link.]"International Finance.

    It is noteworthy that the Central Bank decided to finance trade in the euro, the Chinese yuan, the UAE dirham and the Indian rupee, in steps to reduce the demand for the dollar.
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